The B$/$C ratio for a flood control project along the Swanee River was calculated to be $1\mathrm{.}800.$ If the benefits were $$610,000$ per year and the maintenance costs were $$161,000$ per year, determine the initial cost of the project at an interest rate of $12\mathrm{.}00\%$ per year and a $50-$year life. $($Round the final answer to three decimal places.$)$